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Showing 491 - 500 of 3707 results for "Order"

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
Finalising new prudential standards, APRA is aiming to bolster banks, insurers, and superannuation trustees' resilience against future financial crises. APRA hopes the new standards will equip these financial entities with strategies to counteract threats ...

BlackRock orders staff four days in office

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The global fund manager is mandating all employees to return to the office for four days from September this year. BlackRock Australia confirmed reports that the new policy affects all 19,000 staff members living in more than 30 countries. BlackRock ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
Saxo Capital Markets was forced to amend its target market determinations after the regulator raised concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

GAM shareholders challenge acquisition

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... related to the funds management business and is asking Liontrust to include trading activity in GAM in its offer documents "in order for shareholders to fully assess whether the offer complies with the Swiss minimum price requirement as well as the rules ...

Class action commenced against IG Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... March and April 2020, more than $774 million was lost trading CFDs, ASIC found. The regulator imposed a product intervention order on the issue and distribution of CFDs in March 2021. In the first three months of the order, ASIC reported average net ...

Labor strengthens economic equality initiatives

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... Commonwealth Rent Assistance, Labor will increase the maximum rates by 15%, costing about $2.7 billion over five years in order alleviate cost-of-living pressures. To ease the housing affordability crisis, Labor will increase the National Housing Finance ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
ASIC will tighten its scrutiny of greenwashing as part of the Labor government's crackdown on protecting investors against investment scams and other misconduct from product issuers. Federal treasurer Jim Chalmers bolstered ASIC enforcement activity ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... Super legislation has meant there is less automatic change to a new employer's fund when someone takes a new job." "So, in order to attract members and achieve organic growth funds are increasingly investing in digital capability and improving online ...